Financial Advisor Salary in Wilkes-Barre, PA
How much does a financial advisor make in Wilkes-Barre? Explore median, entry-level, and senior salaries adjusted for Wilkes-Barre's cost of living.
Salary Breakdown by Experience Level
See how financial advisor salaries break down across different pay periods in Wilkes-Barre.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $29,928 | $51,694 | $73,461 |
| Monthly | $2,494 | $4,308 | $6,122 |
| Biweekly | $1,151 | $1,988 | $2,825 |
| Weekly | $576 | $994 | $1,413 |
| Hourly | $14 | $25 | $35 |
Wilkes-Barre vs National Average
How Wilkes-Barre's financial advisor salaries compare to national figures.
Cost of Living in Wilkes-Barre
About Financial Advisor
Overview
Advise clients on investments, retirement planning, and financial goals.
Education
Bachelor's degree in Finance or related field; CFP certification recommended
Key Skills
Growth Rate
Expected job growth: +21% over the next decade
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Financial Advisor Salary in Wilkes-Barre, PA — Complete Guide
Median Salary Overview
The median salary for a financial advisor in Wilkes-Barre, PA is $51,694 per year, adjusted for the local cost of living index of 84. This figure reflects typical earnings for experienced professionals in this role, considering Wilkes-Barre's unique economic conditions.
Salary Range and Experience Levels
Entry-level financial advisor professionals in Wilkes-Barre can expect to earn around $29,928 annually. As professionals gain experience, salaries typically increase, with senior-level financial advisors earning approximately $73,461 per year. This represents a 145% increase from entry to senior level.
Cost of Living Adjustment
Wilkes-Barre's cost of living index of 84 significantly impacts salary comparisons. As a lower cost-of-living city, salaries in Wilkes-Barre are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $64,780, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a financial advisor's salary in Wilkes-Barre typically goes toward housing. With a 1-bedroom apartment averaging $800 per month, housing represents about 18.6% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Financial Advisors are in growing demand across the United States, with an expected job growth of 21% over the next decade. In Wilkes-Barre, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.